Business owners throughout the state of New York likely know there are many risks facing their business on a daily basis. Because of this, taking the proper steps to cover and reduce this risk is important. One of the best ways this is done today is with commercial insurance. There are a lot of unique coverage options to consider when you are building a commercial insurance policy.
Business Interruption Insurance
There are situations when your business may need to shut down due to a covered event, which can include a fire or natural disaster. If this occurs, you will lose out on money needed to run your business. When you have business interruption insurance, it can help to compensate for revenue and income lost during this time.
Cyber Liability Insurance
All businesses today need to be aware of various cyber risks. If you are a victim of a cybercrime, it can damage your business reputation, lead to regulatory challenges, and even liability claims. When you have a cyber liability insurance plan, it will offer protection against these risks and can help cover many of these costs.
Errors and Omissions Insurance
If your business offers any form of support or advice to clients, having errors and omissions insurance is very important. If it is determined that you offered poor advice or omitted certain information, you could be held liable. An errors and omissions insurance plan will offer coverage in these situations.
Consult With Us
All New York business leaders will know that having insurance is very important. As there are a lot of options to consider today, calling our team with AW Burchell Agency Inc. can be helpful. Our team at AW Burchell Agency Inc. understands all commercial insurance options and will offer any support you need to build your next plan.